NOT LISTED FOR SALE

1960 Wellons Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $78,000 - $108,000

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$70/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $77,000 $55 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $580/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Den
  • Wood Flooring
  • Separate Formal Living Room
  • 4-minute walk to Georgian Hills Park

About This Home

As of May 2021

This Frayser gem is a 3 bedroom with 1 and one half bath. Original hardwood floors throughout and plenty of storage/closet space. Big back yard for socially distanced functions.

Last Agent to Sell the Property

Trina Boyce

The Bailey Company Realty, Inc License #272100 Listed on: 03/30/2021

Last Buyer's Agent

Trina Boyce

The Bailey Company Realty, Inc License #272100 Listed on: 03/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $547

Year Built

  • Built in 1958

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 75x165
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,363 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Car Attached Garage
  • Driveway

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Georgian Hills Blk H Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071026 00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$547

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MLS Map #: 725C
  • MAAR Subdivision Name: GEORGIAN HILLS BLK H
  • List Price Per Sq Ft: 56
  • Number Of Stories: 1
  • Price Per Sq Ft: 56.49
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1363
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1, Hardwood Floor
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1.1

Exterior Features

  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 1
  • Parking Display: 1A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 21
  • Acreage: 0.28
  • Lot Size: 75X165
  • Price Per Acre: 275000

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 071026 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
May 13, 2021
Sold by
Burrow Tanci Parker
Bought by
Wilson Sophia M
Seller's Agent
Trina Boyce
The Bailey Company Realty, Inc
Buyer's Agent
Trina Boyce
The Bailey Company Realty, Inc
List Price
$88,000
Sold Price
$77,000
Premium/Discount to List
-$11,000
-12.5%
Current Estimated Value
$98,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,109
Avg. Annual Appreciation
5.97%
Original Mortgage
$75,605
Outstanding Balance
$69,097
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$29,669

Purchase Details

Closed on
Jan 9, 2007
Sold by
Parker Marcus
Bought by
Parker Tanci

Purchase Details

Closed on
Jan 31, 2003
Sold by
Tennessee Housing Development Agency
Bought by
Hud

Purchase Details

Closed on
Nov 7, 2002
Sold by
Cooper Ricky W and Cooper Deborah J
Bought by
Tennessee Housing Development Agency
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wilson Sophia M $77,000 Edco Ttl & Closing Svcs Inc
Parker Tanci -- None Available
Hud $55,530 --
Tennessee Housing Development Agency $55,530 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Sophia M $75,605
Previous Owner Parker Tanci $63,500
Previous Owner Parker Tanci $69,300
Previous Owner Parker Marcus B $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $77,000 0.0% $64 / Sq Ft
05/05/2021 05/05/21 Price Changed $77,000 -12.5% $64 / Sq Ft
03/30/2021 03/30/21 For Sale $88,000 -- $73 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $547 $23,325 $2,425 $20,900
2024 $547 $16,150 $2,175 $13,975
2023 $984 $16,150 $2,175 $13,975
2022 $984 $16,150 $2,175 $13,975
2021 $557 $16,150 $2,175 $13,975
2020 $917 $12,650 $2,175 $10,475
2019 $404 $12,650 $2,175 $10,475
2018 $404 $12,650 $2,175 $10,475
2017 $414 $12,650 $2,175 $10,475
2016 $534 $12,225 $0 $0
2014 $534 $12,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Trina Boyce

    Seller's Agent in 2021

    Trina Boyce

    The Bailey Company Realty, Inc

    (901) 281-3394

    1 in this area

    6 Total Sales

    Trina Boyce
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10096139

Memphis Area Association of REALTORS®

APN: 07-1026-0-0015

Tennessee Shelby County Memphis 38127 Frayser

1960 Wellons Ave, Memphis, TN

This home is located at 1960 Wellons Ave, Memphis, TN 38127 since 30 March 2021 and is currently estimated at $98,109, approximately $70 per square foot. This property was built in 1958. 1960 Wellons Ave is a home located in Shelby County with nearby schools including Georgian Hills Achievement Elementary School, Georgian Hills Junior High School, and Libertas School of Memphis.

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